Related to the Economics in Practice on p. 189: In Santa Cruz, red feathers from the Scarlet Honeyeater bird were used as currency. If someone in Santa Cruz had purchased a "huge amount " of these feathers as an investment, then in this instance, the feathers were being held as a(n)
A) medium of exchange.
B) store of value.
C) unit of account.
D) legal tender.
Correct Answer:
Verified
Q88: Related to the Economics in Practice on
Q89: If all banks are loaned up and
Q90: (Currency held outside banks + demand deposits
Q91: Financial monetary assets which often cannot be
Q92: Which of the following is the best
Q94: Along with currency not in banks and
Q95: Money is anything that generally is accepted
Q96: In an economy that uses commodity money,
Q97: In an economy that uses fiat money,
Q98: Currency is included in
A) M1 only.
B) M2
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents